Local News

Sources: WakeMed will bid for rival Rex

Posted May 11, 2011 10:00 p.m. EDT
Updated May 12, 2011 10:03 a.m. EDT

— WakeMed plans to announce Thursday that it wants to buy Rex Hospital in Raleigh, sources tell WRAL News.

Details of the bid have not been made public. 

The two Raleigh hospitals have been cross-town rivals for years. In November, WakeMed asked UNC Health Care, which operates Rex, to release records relating to how the public system spends money to lure patients and doctors, arguing that it has an unfair advantage in the battle for health care dollars in the Triangle.

WakeMed is a private, not-for-profit hospital.

On Wednesday, a Rex spokesman indicated that the hospital would fight the takeover bid.

"I think it would be a disaster for the state to divest from Rex," said Dale Jenkins, chairman of the hospital's board of trustees.

But some state lawmakers have said that it's worth exploring whether Rex could be sold, at an economic time when the state may need to sell some of its assets.